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Downtown Memphis Commission – DOWNTOWN BUSINESS CONTINUITY FORGIVABLE LOAN PROGRAM

Agency / Department: Downtown Memphis Commission

Resource: DOWNTOWN BUSINESS CONTINUITY FORGIVABLE LOAN PROGRAM

Details: A forgivable loan of up to $20,000 for assisting existing downtown businesses impacted by the COVID-19 pandemic and related economic impacts. Loan is forgiven if the business stays open for two years after receiving the loan. Funds can be used for operational expenses & rent, fixed assets, and debt restructuring.

Link: https://www.downtownmemphiscommission.com/sites/526/uploaded/files/Business_Continuity_Forgivable_Loan_DRAFT_20200330_Fillable.pdf

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